Bill > H2881

This bill aims to promote energy security, diversity, and economic growth in the commonwealth by encouraging clean energy development and establishing a balanced, long-term energy plan. Key provisions include designating former electric generating plant sites as preferred locations for new generation facilities, offering emission allowances under the Regional Greenhouse Gas Initiative (RGGI) to new facilities that demonstrate significant emission reductions compared to the previous plant on the site, and updating regulations for hydroelectric power to include specific environmental standards and capacity limits for renewable energy qualification. The bill also mandates that distribution companies solicit proposals and enter into long-term contracts for offshore wind energy, with specific quantities and timelines, and establishes a framework for competitively bidding regional transmission solutions to improve the electrical grid. Additionally, it proposes the construction of additional gas pipeline capacity through a tariff and competitive bidding process, with proceeds benefiting ratepayers, and creates a commission to study and recommend improvements for the siting of energy facilities, aiming to streamline the process and encourage new development.